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Platinum Group Metals LTD. - $PLG STOCK NEWS

Welcome to our dedicated page for Platinum Group Metals LTD. news (Ticker: $PLG), a resource for investors and traders seeking the latest updates and insights on Platinum Group Metals LTD. stock.

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Rhea-AI Summary
Platinum Group Metals reports second quarter financial results for the six months ended February 29, 2024, focusing on advancing the Waterberg Project and collaboration with Lion Battery Technologies Inc. The Company also announces a Cooperation Agreement with Ajlan & Bros Mining and Metals Co. to study a PGM smelter and base metal refinery in Saudi Arabia.
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End-of-Day
1.61%
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Rhea-AI Summary
Platinum Group Metals Ltd. (PLG) announces positive results from its Annual General Meeting, with strong shareholder support for the Board and resolutions. Details of proxy voting show overwhelming approval for directors and auditors.
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3.96%
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Rhea-AI Summary
Platinum Group Metals Ltd. reports financial results and recent events, including a Cooperation Agreement with Ajlan & Bros Mining and Metals Co. for a PGM smelter in Saudi Arabia. They also announced a stage three budget for the Waterberg Project and a non-brokered private placement of common shares. The Company's primary objective is to advance the Waterberg Project to a development and construction decision.
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Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) has entered into a Cooperation Agreement with Ajlan & Bros Mining and Metals Co. to study the establishment of a platinum group metals smelter and base metals refinery in Saudi Arabia.
Rhea-AI Impact
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End-of-Day
2.75%
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Rhea-AI Summary
Platinum Group Metals Ltd. (PTM) reports financial results for the year ended August 31, 2023, and provides an update and outlook for the Waterberg Project, focusing on platinum, palladium, gold, and rhodium mining. The company's near-term objectives include advancing the project to a development and construction decision and collaborating with Lion Battery Technologies Inc. for lithium battery technologies. The company's recent events, such as budget approvals and private placements, are also highlighted.
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End-of-Day
-1.98%
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Platinum Group Metals Ltd. closes non-brokered private placement, raising US$2.5 million
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-2.4%
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Rhea-AI Summary
Platinum Group Metals plans to sell 2,118,645 common shares at $1.18 each for gross proceeds of $2.5 million to existing major shareholder HCI. The Private Placement represents a 4.54% discount to the five-day volume weighted average trading price. HCI's interest in the Company will increase to nearly 27%. The securities purchased cannot be traded for four months plus one day. The transaction is subject to customary closing conditions and regulatory approval.
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Platinum Group Metals Ltd. reports financial results for the nine-month period ended May 31, 2023. The company is focused on advancing the Waterberg Project, which is projected to be one of the largest and lowest-cost underground platinum group metals mines globally. They are also collaborating with Lion Battery Technologies Inc. on platinum and palladium-based battery technologies. The company incurred a net loss of $4.05 million during the period.
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Rhea-AI Sentiment
End-of-Day
-1.38%
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Platinum Group Metals LTD.

NYSE:PLG

PLG Rankings

PLG Stock Data

138.35M
75.21M
26.47%
19.66%
1.04%
All Other Metal Ore Mining
Mining, Quarrying, and Oil and Gas Extraction
Link
United States of America
Vancouver

About PLG

platinum group metals ltd. engages in the acquisition, exploration, and development of platinum and palladium properties. it explores for platinum, palladium, rhodium, gold, ruthenium, iridium, copper, and nickel deposits. the company holds 50.02% interest in the waterberg project located on the north limb of the western bushveld complex, south africa. it also develops next-generation battery technology using platinum and palladium. platinum group metals ltd. was founded in 2000 and is headquartered in vancouver, canada.